concept   debt
statement   In Middle Eastern cultures, debt is generally avoided and interest-based debt instruments are forbidden due to Islamic finance principles.

3 similar statements
# Concept Culture Statement Freq.
1 debt Middle Eastern cultures Incurring debt is often seen as a last resort and is generally avoided if possible, with an emphasis placed on saving and frugality. 1
2 debt instrument Middle East Interest-based debt instruments are forbidden due to Islamic finance principles, instead profit-sharing or rental-based debt instruments are favored 1
3 financial leverage Middle East Financial leverage is often viewed with caution and seen as a risky practice due to its potential to amplify losses. 1